Zhejiang Huayou Cobalt $603799.SS has been appointed as the new strategic investor in one of Indonesia's largest electric vehicle (EV) battery production projects, replacing South Korea's LG Energy Solution (LGES) $373220.KS. This announcement was made by Indonesia's Minister of Energy and Mineral Resources, Bahil Lahadalia, underscoring the country’s ambitions to enhance its battery manufacturing capabilities and capitalize on its abundant mineral resources.

American investment firm KKR $KKR is making headlines with its latest acquisition aimed at bolstering its position in the IT services sector. The deal involves the purchase of Datagroup $D6H.DE, a company registered in Frankfurt, for approximately €450 million (around $508 million) in an all-cash transaction. This move marks the latest in a series of recent acquisitions by KKR, reaffirming its focus on strengthening its presence in the high-tech arena.

CLP Holdings Ltd. $0002.HK is realigning its investment strategy to focus more intensively on its home markets—Hong Kong and Mainland China. By opting to self-finance projects in other regions, the company aims to build a more resilient and sustainable energy portfolio.